Do you prefer the crypto online gambling or regular fiat casinos gambling? - page 4.

wxa7115

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Quote from: Oshosondy on May 13, 2024, 09:00:02 AM

Quote from: Ojinga on May 13, 2024, 08:53:27 AM

But gambling with coins will involves of spending more money on the play coins. Which have no value or gain at the moment (if they have value, they wouldn't be play coins, they do just be different kind of currency) So, you’re paying for the privilege of risking something of no value in the hopes of winning something of no value. That doesn’t even count as gambling anymore; that’s paying a fee for the privilege of keeping score on a random number generator. What's your own opinion towards this?

I do not understand what you mean by this. Either you are gambling with coins like bitcoin or you are gambling with fiat, they are money and they both have value.

The only reason I do not like gambling on fiat gambling sites again is because on the international gambling sites that I was using, only wire transfer can be used to withdraw by people in my country, it takes days or weeks before the money will be credited into my account, unlike crypto gambling sites that takes just few minutes to withdraw coins.

I suppose that what they mean is that if you exchange your fiat for shitcoins and you gamble, even if you won there is no way to know if you actually won something as the shitcoin could collapse anyway, or at least that is what I understood about it.

Now about gambling with fiat or bitcoin, I prefer the latter and this is because even if I do not hide the fact I gamble, I prefer to maintain at least some level of privacy while doing it, as I dislike any traces of my gambling activity on my bank statements, and only cryptocurrency casinos allow me to gamble in the way I want.

irhact

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Quote from: Ojinga on May 13, 2024, 08:53:27 AM

I prefer money, strongly. When you gamble with money, you are *risking* money for a chance to win money. It is always a losing proposition. But it’s not the same as *spending* the money. If I walk into a casino with a $50 bankroll, and I walk out of the casino an hour later with $40, then I’ve had a good night. Cause losing the the money will be okay for you but on the process that you won as will you'll enjoyed more than coins, you won't have to trade anything at the moment.

But gambling with coins will involves of spending more money on the play coins. Which have no value or gain at the moment (if they have value, they wouldn't be play coins, they do just be different kind of currency) So, you’re paying for the privilege of risking something of no value in the hopes of winning something of no value. That doesn’t even count as gambling anymore; that’s paying a fee for the privilege of keeping score on a random number generator. What's your own opinion towards this?

Maybe you don't understand that Cryptocurrency is still money i think what you meant by money in your statement is the Fiat currency but I want you to understand that Cryptocurrency is a digital money that was created as an alternative currency for Fiat. Well, I would've love to bet more in Cryptocurrency cause it has a lot of benefits I could save my earning for a long term and the profit when the price go higher.

But then due to the high transaction fees I think I'll go with Fiat at the moment cause the fees for withdrawal are cheaper and base on the volatility of Cryptocurrency the Fiat would make a good use cause it's price is mostly stable and a customer won't get liquidated also based on the high transaction fees a lot of people who used Cryptocurrency for gambling had to use fiat for some time.

Nwada001

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Quote from: Oshosondy on May 13, 2024, 09:00:02 AM

Quote from: Ojinga on May 13, 2024, 08:53:27 AM

But gambling with coins will involves of spending more money on the play coins. Which have no value or gain at the moment (if they have value, they wouldn't be play coins, they do just be different kind of currency) So, you’re paying for the privilege of risking something of no value in the hopes of winning something of no value. That doesn’t even count as gambling anymore; that’s paying a fee for the privilege of keeping score on a random number generator. What's your own opinion towards this?

I do not understand what you mean by this. Either you are gambling with coins like bitcoin or you are gambling with fiat, they are money and they both have value.

I think the Op is referring to free coins that some game platforms usually give out, not real crypto currency like Bitcoin or any other one that can be exchanged for fiat or any other currency, but whose value and use only end in the place where they are given.

The last casino I have seen one of such is BC Game. They have their own coin, which can only be used on their casino to play with, and games won with the token can only be rewarded with the same token, and I don't think they can be transferred out of the casino or even swapped for any other currency.

_act_

legendary

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Quote from: Yogee on May 13, 2024, 05:14:47 PM

I think he's describing fiat vs. crypto. I don't know why he thought crypto doesn't have value but maybe OP used to play with some dead coins or haven't really tried one yet. I believe it's the latter and he probably doesn't know that he could also trade coins for fiat.

What I think more about this is that OP is not playing on casinos that are accepting cryptocurrencies. If he does not want coins that are volatile in price in the market he can go for stable coins like USDT while many casinos are accepting USDT on Tron network and its fee is cheap. I think he is just the fiat casino type that have no experience about cryptocurrencies at all.

Yogee

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Quote from: BABY SHOES on May 13, 2024, 01:12:00 PM

A little confused as to what you are describing, by asking "crypto casino gambling or regular fiat casino"? Do you mean physical money?

You are asking here the majority of users will have a crypto casino in comparison to fiat you can also use stablecoin which is almost the same as fiat there is no difference it is only 1:1 between fiat and stablecoin.

Gambling with coins will cost more money? Doesn't crypto also have value? You know when you gamble at an online casino it's dollars/Euro or other currencies that are at stake even if you use coins and these still have value.

I think he's describing fiat vs. crypto. I don't know why he thought crypto doesn't have value but maybe OP used to play with some dead coins or haven't really tried one yet. I believe it's the latter and he probably doesn't know that he could also trade coins for fiat.

livingfree

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Quote from: Bravut on May 13, 2024, 04:32:16 PM

I prefer regular fait casinos, for me nothing is different because the crypto sites still equate your deposit limit or coins to fait, so what the need. From my perspective its unnecessary and i don't see any much difference from regular fait.

Exactly. I don't see the same difference on them but the prices of the cryptos that we're gambling. If you're gambling with some meme coins out there, you'd be happy to stay longer because you can gamble with millions of its supplies as long as the casino is supporting that.

For some gamblers, gambling with fiat is better because the value is stagnant and won't fluctuate at all.

Quote from: Bravut on May 13, 2024, 04:32:16 PM

Gambling with the regular fait, is satisfying for me and provides exclusive services with privacy

How so? You're required to use banks or anything with your identity that you've been using with money remitting services or the same.

Bravut

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I prefer regular fait casinos, for me nothing is different because the crypto sites still equate your deposit limit or coins to fait, so what the need. From my perspective its unnecessary and i don't see any much difference from regular fait.

The only benefit of any is the fact of privacy but still security of this crypto gambling sites isn't to be trusted, there is more tendency to scam.

Gambling with the regular fait, is satisfying for me and provides exclusive services with privacy especially online casino the only difference here is Coin and Fait.
Casinos are for one purpose, using crypto or fait is just to meet up the target (potential gamblers).

Wexnident

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Quote from: Ojinga on May 13, 2024, 08:53:27 AM

~

You talking about casino coins/chips? I don't think they have a difference. It's a mentality thing here imo since it's common sense that chips hold some value that casinos dictate so that players can use them inside the casino. In your example even, walking in with a $50 and walking out with $40, that's still what happens with chips, you don't exactly walk out with chips after all lol, you change them out to money.

Now if this was about crypto, and trading in general, well yea, I'd consider thinking it's similar to gambling as dumb. If it was about the value then to each their own, but with considering it different to gambling then cheers to that mate. Being spent as a currency though, they're pretty much the same, I see no difference. They're called a currency for a reason, and if both parties agree that they have value and are willing to accept it, why bother arguing? That's how all trades started after all. Rejecting that pretty much rejects history.

Aniel Jay

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Quote from: Ojinga on May 13, 2024, 08:53:27 AM

I prefer money, strongly. When you gamble with money, you are *risking* money for a chance to win money. It is always a losing proposition. But it’s not the same as *spending* the money. If I walk into a casino with a $50 bankroll, and I walk out of the casino an hour later with $40, then I’ve had a good night. Cause losing the the money will be okay for you but on the process that you won as will you'll enjoyed more than coins, you won't have to trade anything at the moment.

But gambling with coins will involves of spending more money on the play coins. Which have no value or gain at the moment (if they have value, they wouldn't be play coins, they do just be different kind of currency) So, you’re paying for the privilege of risking something of no value in the hopes of winning something of no value. That doesn’t even count as gambling anymore; that’s paying a fee for the privilege of keeping score on a random number generator. What's your own opinion towards this?

Aside from the issues of volatility in the cryptocurrency, I prefer crypto online gambling to fiat casino gambling, because crypto online gambling is decentralised and you don't need to be seen in the casino shop every time you want to gamble.

stomachgrowls

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Quote from: Jawhead999 on May 13, 2024, 09:11:40 AM

Cryptocurrency, why you make it differ to other currency i.e. fiat? if you aren't comfortable with the volatility, you can just gamble using stable coin.

I can't understand with people who gamble that still regret with the money they spend for gambling, if you're looking to grow your money, then you shouldn't gamble at all. Life is short, enjoy every moment in this life, why so serious?

I'd choose crypto casino, it's more private than directly connect my banks/credit card to the casino.

True,on which i dont know about their differentiation considering that crypto isnt a free money or something that doesnt have value on which simply means that you would really be still be spending money after all.
Unless if OP is really literally talking about demo amount then its something that doesnt have value not when we do talki about Bitcoin or other altcoins which they do really have that actual value as we do all know.
They might be crypto but when it comes to the value they do have then it would really be that equal when it comes to fiat and this is something which is really that we do know that people would really be thriving their very best to accumulate on.

When it comes to the choosing in between fiat or crypto spending on gambling then it would always falls down into someones preference on which we do know that there
are indeed people whom do really love on spending fiat but there are ones who do love on spending on crypto. It doesnt matter yet both does have their value.

sunsilk

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Quote from: Ojinga on May 13, 2024, 08:53:27 AM

I prefer money, strongly. When you gamble with money, you are *risking* money for a chance to win money. It is always a losing proposition. But it’s not the same as *spending* the money. If I walk into a casino with a $50 bankroll, and I walk out of the casino an hour later with $40, then I’ve had a good night. Cause losing the the money will be okay for you but on the process that you won as will you'll enjoyed more than coins, you won't have to trade anything at the moment.

But gambling with coins will involves of spending more money on the play coins. Which have no value or gain at the moment (if they have value, they wouldn't be play coins, they do just be different kind of currency) So, you’re paying for the privilege of risking something of no value in the hopes of winning something of no value. That doesn’t even count as gambling anymore; that’s paying a fee for the privilege of keeping score on a random number generator. What's your own opinion towards this?

Gambling with fiat or crypto is totally the same. The monetary value is there and that's why there is no difference if you think that you're spending it as a privilege or you're risking it.

Which coin are you describing as something that doesn't have any value at all? The crypto market has became big and majority of the coins accepted by the casinos have their own value.

They won't support and accept a coin to their platform that doesn't have value and that's why I don't understand where you are coming from with this thought.

darkangel11

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Haha nobody knows what OP is rambling about Cheesy

You say you don't feel like you're losing money with crypto because it's not money? Is that it? I consider bitcoin a normal currency and I feel every satoshi won or lost. When you can buy something for it it's a normal currency no different from fiat money. The only difference one can feel is with electronic money vs cash. In a physical casino spending a bunch of cash can really feel like dealing with real money, but what happens when you convert your cryptocurrency to physical chips in a real casino? The line gets blurry, right?

panjul07

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It seems many people get confused with what you try to explain in this topic including myself.
I have no idea which coins you are referring that has no value, but since your title is comparing crypto and fiat so I assume that the coin you are talking is crypto.
But how can you say the coins has no value? So I wonder which coin you are talking about and which players who gamble with coins without value?

Woodie

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Fact check: cryptocurrencies are cash equivalent which hold value to the point of being declared legal tender in some countries, so let's not spread FUD to say these coins don't hold any value!!!

So between using fiat or cryptocurrency I believe it all depends on the preference of the user, and personally I would go for crypto as it's easier to handle in terms of deposits/withdraws unlike fiat which sometimes is affected with maintenance and what not...and besides I think with crypto players are given the freedom to play with much smaller denominations than what we get to see with fiat and also allows the system to monitor your financial spending.

Crypto Library

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It depends on the person to person what can more beneficial for them they will prefer those options.
Like for me I will prefer the Crypto online gambling besides the fiat casino gambling because my salaries and payments are received on the cryptocurrencies and I don't want to make them fiat for playing gambling where I have already the best options for gambling by using cryptocurrencies. And in the main time I think by using cryptocurrency playing there will be more privacy in case of using a fiat with the bank or cash. So I also think it is more safer than a fiat casino that is why I will always prefer crypto online gambling casinos.

CryptSafe

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OP I am trying to grapse your grammar here but however, I think either way you want to gamble can be achievable. It is either you gamble with fiat or you use Crypto depending on the most convenient one for you.

There are no issues with online casinos accepting fiat. As a matter of fact, using coin or fiat is optional for some online casinos which leaves you the gambler with the opportunity to choose the one most convenient for you.

I personally prefer to use coin than fiat for my convenience because that saves me the stress of conversion, waiting for my dashboard account to be credited and other factors but using coin does not waste my time and I am very much convenient and relaxed with it when gambling. Another factor which makes online casino and the use of coin more prefferd is the fact that ones privacy is guaranteed.

Nwada001

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Quote from: Ojinga on May 13, 2024, 08:53:27 AM

But gambling with coins will involves of spending more money on the play coins. Which have no value or gain at the moment (if they have value, they wouldn't be play coins, they do just be different kind of currency) So, you’re paying for the privilege of risking something of no value in the hopes of winning something of no value. That doesn’t even count as gambling anymore; that’s paying a fee for the privilege of keeping score on a random number generator. What's your own opinion towards this?

Are you in any way trying to talk about gambling with real money like fiat and also playing games in casinos that give you free coins to taste their platform, which is also considered a demo account?

If that's what you are pointing out, gambling is far above that; those coins are never meant to be withdrawn, and they're just to be used to taste and learn how to gamble on that platform. If you want to taste the real joy behind gambling, then the person should quit using a demo account and deposit real money to gamble with.

BABY SHOES

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A little confused as to what you are describing, by asking "crypto casino gambling or regular fiat casino"? Do you mean physical money?

You are asking here the majority of users will have a crypto casino in comparison to fiat you can also use stablecoin which is almost the same as fiat there is no difference it is only 1:1 between fiat and stablecoin.

Gambling with coins will cost more money? Doesn't crypto also have value? You know when you gamble at an online casino it's dollars/Euro or other currencies that are at stake even if you use coins and these still have value.

Findingnemo

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Quote from: Ojinga on May 13, 2024, 08:53:27 AM

I prefer money, strongly. When you gamble with money, you are *risking* money for a chance to win money. It is always a losing proposition. But it’s not the same as *spending* the money. If I walk into a casino with a $50 bankroll, and I walk out of the casino an hour later with $40, then I’ve had a good night. Cause losing the the money will be okay for you but on the process that you won as will you'll enjoyed more than coins, you won't have to trade anything at the moment.

But gambling with coins will involves of spending more money on the play coins. Which have no value or gain at the moment (if they have value, they wouldn't be play coins, they do just be different kind of currency) So, you’re paying for the privilege of risking something of no value in the hopes of winning something of no value. That doesn’t even count as gambling anymore; that’s paying a fee for the privilege of keeping score on a random number generator. What's your own opinion towards this?

Let me give you some negatives of Fiat casinos, I just start with the bankroll you mentioned $50 which maybe a big amount of money for you but for most of the players it's not even an amount consider that they tip which may gives you an uncomfortable feeling when you're not going with huge feeling, definitely it will make me uncomfortable.

And it's your priorities though, if you feel the experience of casinos and people you can meet is what makes you think that's worth spending your money then it has no alternative and it can't be replicated in internet world.

alani123

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The only thing that could make me gamble outside of an online casino is a good ol' poker match between friends or family. Sadly or not it's very hard to replace the feeling and lust of playing poker in person and most online casinos don't even make an attempt at introducing poker.

But other than that very little can best the comfort of your home. Online gambling has gotten even more competitive than regular casinos now both on terms of odds but also for variety. Some games still are kinda better at land casinos like blackjacks but it's one of the very few exceptions.

Topic: Do you prefer the crypto online gambling or regular fiat casinos gambling? - page 4. (Read 483 times)